Tax Reform Panel Invites Proposals

Former Senators Connie Mack and John Breaux, chairman and vice-chairman of the President's Advisory Panel on Federal Tax Reform, are inviting interested parties to submit ideas for reforming the tax code. "At our six public meetings that were held all over the country, we learned about the complexities of the tax code and its impact on taxpayers," said Mack. "This request for ideas to reform the tax code marks a shift of our focus from defining the problems in the current code to considering options for reform. We will be reviewing specific proposals for reform that have been offered in the past as well as new ideas that are submitted. We expect to hold more public meetings in the coming months to discuss these options and alternatives." "It is important that we hear from Americans about the kind of tax system they want," added Breaux. "We look forward to receiving comments from all interested parties." This is the panel's second specific request for comments. In connection with its first request, the panel received thousands of comments describing complexities and burdens, unfair aspects, and distortions in the current tax system. Information on how to submit comments, as well as details on the format for comments, are available at www.taxreformpanel.gov/contact/ .Comments submitted in connection with this second request should be received by the panel no later than April 29, 2005. All comments submitted will be made available to the public.